NavPoint Financial Inc. Buys 25,957 Shares of Capital Group Core Plus Income ETF $CGCP

NavPoint Financial Inc. grew its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 685,901 shares of the company’s stock after buying an additional 25,957 shares during the period. Capital Group Core Plus Income ETF makes up 6.2% of NavPoint Financial Inc.’s portfolio, making the stock its 3rd biggest position. NavPoint Financial Inc. owned approximately 0.21% of Capital Group Core Plus Income ETF worth $15,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGCP. Beam Wealth Advisors Inc. grew its position in shares of Capital Group Core Plus Income ETF by 4.1% in the 4th quarter. Beam Wealth Advisors Inc. now owns 12,134 shares of the company’s stock valued at $275,000 after purchasing an additional 478 shares during the period. Ridgeline Wealth Planning LLC grew its position in Capital Group Core Plus Income ETF by 3.3% in the fourth quarter. Ridgeline Wealth Planning LLC now owns 17,420 shares of the company’s stock valued at $394,000 after purchasing an additional 555 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in shares of Capital Group Core Plus Income ETF by 1.7% during the 4th quarter. CWS Financial Advisors LLC now owns 33,753 shares of the company’s stock worth $764,000 after buying an additional 575 shares during the last quarter. Cim LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 6.8% in the 3rd quarter. Cim LLC now owns 9,953 shares of the company’s stock valued at $226,000 after acquiring an additional 633 shares in the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 5.9% in the 4th quarter. MGO One Seven LLC now owns 11,578 shares of the company’s stock valued at $262,000 after acquiring an additional 650 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP opened at $22.24 on Thursday. Capital Group Core Plus Income ETF has a 52-week low of $22.02 and a 52-week high of $23.00. The company has a market cap of $8.22 billion, a P/E ratio of 10.69 and a beta of 0.32. The stock’s 50-day simple moving average is $22.34 and its 200 day simple moving average is $22.53.

Capital Group Core Plus Income ETF Profile

The Capital Group Core Plus Income ETF (CGCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in bonds and other debt securities issued by corporate and government entities from around the globe, with no limitations regarding credit ratings and maturities. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.